An Analysis of Cross-Country Herding Behavior: Evidence from Asia
碩士 === 大葉大學 === 企業管理學系碩士班 === 106 === The thesis demonstrates herding behavior in five Asian stock markets of Shanghai, Hong Kong, Malaysia, Singapore, and Thailand, constructing a sample data (daily stock returns) from 1st January 2000 to December 31, 2016. Also, it explores whether the cross-secti...
Main Author: | |
---|---|
Other Authors: | |
Format: | Others |
Language: | en_US |
Published: |
2018
|
Online Access: | http://ndltd.ncl.edu.tw/handle/7s4m95 |
id |
ndltd-TW-106DYU00163024 |
---|---|
record_format |
oai_dc |
spelling |
ndltd-TW-106DYU001630242019-08-05T03:43:54Z http://ndltd.ncl.edu.tw/handle/7s4m95 An Analysis of Cross-Country Herding Behavior: Evidence from Asia 跨國從眾行為分析-來自亞洲之實證研究 Sukhbaatar, Bertsetseg Sukhbaatar, Bertsetseg 碩士 大葉大學 企業管理學系碩士班 106 The thesis demonstrates herding behavior in five Asian stock markets of Shanghai, Hong Kong, Malaysia, Singapore, and Thailand, constructing a sample data (daily stock returns) from 1st January 2000 to December 31, 2016. Also, it explores whether the cross-sectional absolute dispersion of stock returns in one market is affected by in the rest four markets. Furthermore, this thesis examines how financial crisis bring impacts on herding behavior. We found evidence of herding behavior in four stock markets, Shanghai, Malaysia, Singapore and Thailand. No evidence of herding exists in Hong Kong. The cross-sectional absolute dispersion of Singapore stock returns plays a crucial role in affecting the other four stock markets’ return dispersion. Furthermore, herding behavior of Malaysia, Singapore, Hong Kong and Thailand became more intense during the recent financial crisis from 1st March 2008 to 31st March 2009. Yu-Fen Chen 陳玉芬 2018 學位論文 ; thesis 35 en_US |
collection |
NDLTD |
language |
en_US |
format |
Others
|
sources |
NDLTD |
description |
碩士 === 大葉大學 === 企業管理學系碩士班 === 106 === The thesis demonstrates herding behavior in five Asian stock markets of Shanghai, Hong Kong, Malaysia, Singapore, and Thailand, constructing a sample data (daily stock returns) from 1st January 2000 to December 31, 2016. Also, it explores whether the cross-sectional absolute dispersion of stock returns in one market is affected by in the rest four markets. Furthermore, this thesis examines how financial crisis bring impacts on herding behavior.
We found evidence of herding behavior in four stock markets, Shanghai, Malaysia, Singapore and Thailand. No evidence of herding exists in Hong Kong. The cross-sectional absolute dispersion of Singapore stock returns plays a crucial role in affecting the other four stock markets’ return dispersion. Furthermore, herding behavior of Malaysia, Singapore, Hong Kong and Thailand became more intense during the recent financial crisis from 1st March 2008 to 31st March 2009.
|
author2 |
Yu-Fen Chen |
author_facet |
Yu-Fen Chen Sukhbaatar, Bertsetseg Sukhbaatar, Bertsetseg |
author |
Sukhbaatar, Bertsetseg Sukhbaatar, Bertsetseg |
spellingShingle |
Sukhbaatar, Bertsetseg Sukhbaatar, Bertsetseg An Analysis of Cross-Country Herding Behavior: Evidence from Asia |
author_sort |
Sukhbaatar, Bertsetseg |
title |
An Analysis of Cross-Country Herding Behavior: Evidence from Asia |
title_short |
An Analysis of Cross-Country Herding Behavior: Evidence from Asia |
title_full |
An Analysis of Cross-Country Herding Behavior: Evidence from Asia |
title_fullStr |
An Analysis of Cross-Country Herding Behavior: Evidence from Asia |
title_full_unstemmed |
An Analysis of Cross-Country Herding Behavior: Evidence from Asia |
title_sort |
analysis of cross-country herding behavior: evidence from asia |
publishDate |
2018 |
url |
http://ndltd.ncl.edu.tw/handle/7s4m95 |
work_keys_str_mv |
AT sukhbaatarbertsetseg ananalysisofcrosscountryherdingbehaviorevidencefromasia AT sukhbaatarbertsetseg ananalysisofcrosscountryherdingbehaviorevidencefromasia AT sukhbaatarbertsetseg kuàguócóngzhòngxíngwèifēnxīláizìyàzhōuzhīshízhèngyánjiū AT sukhbaatarbertsetseg kuàguócóngzhòngxíngwèifēnxīláizìyàzhōuzhīshízhèngyánjiū AT sukhbaatarbertsetseg analysisofcrosscountryherdingbehaviorevidencefromasia AT sukhbaatarbertsetseg analysisofcrosscountryherdingbehaviorevidencefromasia |
_version_ |
1719232479371460608 |